CHARLOTTE, N.C. – Transwestern Real Estate Services (TRS) announces its Southeast Investment Sales team has brokered the sale of 605 Munn Road, a Class A, 168,078-square-foot office property in Fort Mill, South Carolina. Transwestern Senior Managing Directors John Bell and Kevin Markwordt represented the seller in the disposition, a CMBS Trust serviced by Argentic Services Company LP of Plano, Texas.
“Offered significantly below replacement cost and 35% occupied, the property attracted a robust level of interest, indicative of a strong market for occupancy-challenged office assets that are offered at reset market pricing,” said Bell.
Developed as a build-to-suit for CitiFinancial’s headquarters in 2005, the property has been institutionally maintained, limiting required capital. Fort Mill is one of the nation’s fastest-growing cities and a sought-after destination within suburban Charlotte, just 25 minutes south of Uptown along Interstate 77, the region’s dominant corporate corridor. The property is near the popular Kingsley mixed-use development and the new Piedmont Medical Center.
An image of the property is available for download here.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Jaime Luckey
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jaime@luckeycomms.com
twmediarelations@transwestern.com
